According to the research report titled ‘Asia Pacific Feed Phytogenics Market Forecast 2027 By Livestock, By Product, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Asia Pacific feed phytogenics market is expected to exceed a valuation of USD 360 million by 2027.

Growing consumer awareness, increasing preference toward natural organic and sustainable feed additives, escalating safety concerns, rising demand for animal protein, andthe surging population are some of the major factors driving the growth of the Asia Pacific feed phytogenic market.

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For those unaware, feed phytogenics are plant-based feed additives used in animal nutrition that are made up of herbs, spices, and extracts of essential oils.

The production of high-quality animal protein is being incorporated into sustainability goals of food companies and agriculture as improving animal welfare boosts livestock efficiency, resulting in increased margins & revenues, saving resources, the creation of new markets, and gaining access to new clients.

Worldwide demand for protein-dense and meat-based diets such as pork is increasing rapidly ever since 2021. Even with COVID-19 outbreak pork industry continued to see rise in its sales, further contributing towards Asia Pacific feed phytogenics market remuneration.

The overall market is divided into product type, livestock, and regional landscape.

Based on product spectrum, the market is further segmented into herbs & spices, oleoresins, essential oils, and others. Among these, the essential oils segment is expected to expand at a 4% CAGR through 2027, owing to their high antibacterial & preservation qualities as well as assisting in increasing animal output by stimulating the digestive tract.

Moving on to the livestock, the market is categorized into swine, aquatic, poultry, ruminant, equine, and others. Out of these, the swine segment accounted for USD 75 million in 2020, is now expected to continue to expand consistently over the analysis period.

From the geographical point of view, China is likely to emerge as a lucrative revenue prospect for the market participants in the subsequent years. Notably, China accounted for highest pork consumption rate of about 31.2kg/capita and is estimated to expand substantially over the forecast period, owing to growing interest in pig-based and pork products, thus favoring the overall market scenario.

The prominent companies operating in Asia Pacific feed phytogenics market are Phytobiotics North America LLC, Natural Herbs & Formulations, DuPont, Delacon Biotechnik Ges.m.b.H., Indian Herbs Specialities Pvt. Ltd., Synthite Industries Ltd., M/s Amorvet, Himalaya Wellness Company, Akay Group, Vinayak Ingredients, The Archer-Daniels-Midland Company, Cargill Inc., Biomin, Pancosma SA, Igusol,  Ayurvet Limited, Norex Flavors Pvt. Ltd., AVT Natural Products Ltd., Natural Remedies Pvt. Ltd.,  Unique Organics Ltd., Nutricare Life Sciences Limited, ROHA A JJT Group, Koninklijke DSM N.V., and  PMI Additives.